IRDAI has deferred the implementation of Indian Accounting Standards (IndAS) by insurance companies till 2020-21.
Rule 4 of the Companies (Indian Accounting Standards) (Amendment) Rules 2016 states that "the Banking Companies and Insurance Companies shall apply the IndAS as notified by the Reserve Bank of India (RBI) and Insurance Regulatory Development Authority (IRDA), respectively."
This story is from the August 2017 edition of THE INSURANCE TIMES.
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This story is from the August 2017 edition of THE INSURANCE TIMES.
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